In January 2015, Tim's Gyms, Inc

question 42

Multiple Choice

In January 2015, Tim's Gyms, Inc. owned machines valued at $1 million. During the year, the market value of the equipment fell by 30 percent. During 2015, Tim spent $200,000 on new machines. During 2015, Tim's net investment totaled

• A) $1 million.
• B) -$300,000.
• C) $200,000.
• D) -$100,000.

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